TRX price holds near $0.32, on-chain data shows accumulation
TRON (TRX) is trading near $0.32, just 25% below its all-time high of $0.43, making it the most resilient asset among the top 10 cryptocurrencies. Bitcoin is 51% below its peak, while Ethereum and Solana are down 67% and 78%, respectively. On the weekly chart, TRX is inside an ascending triangle with resistance at $0.365; a break above could target $0.45. The daily chart shows a rising parallel channel, with support at $0.32 (0.5 Fibonacci) and $0.31 (0.382 Fibonacci). The RSI is near a long-term support trendline. On-chain data from Glassnode reveals rising active addresses, now above 3 million, and negative exchange net position change, indicating net outflows and accumulation. These metrics suggest buyers are absorbing the dip and reducing selling pressure. TRX's market cap is nearly $30.5 billion, ranking 8th. A hold above $0.31 keeps the uptrend intact; a breakdown would shift control to sellers.
Key facts
- TRX trades at $0.32, 25% below all-time high of $0.43
- Weekly ascending triangle pattern with resistance at $0.365
- Daily chart shows rising parallel channel, support near $0.31
- Active addresses rise above 3 million; exchange net outflows signal accumulation
- Market cap $30.5 billion, ranks 8th among cryptocurrencies